$PROM Compression Zone Breakout Loading?
Current Price: $4.221 (+0.64%)
PROM is coiling in a tight range after a sharp drop. Price is consolidating near resistance with low volume, hinting at an imminent breakout or breakdown. Get ready!
Key Levels to Watch:
• Resistance: $4.23 – A strong breakout zone. Bulls must clear this to spark momentum.
• Support: $4.18 – If lost, expect quick downside moves.
Trade Setup
Bullish Scenario:
• Entry: Above $4.23
• Target 1: $4.40
• Target 2: $4.60
• Stop-loss: Below $4.15
Bearish Scenario:
• Entry: Below $4.18
• Target 1: $4.00
• Target 2: $3.85
• Stop-loss: Above $4.24
Sideways compression often leads to explosive moves. Wait for a clear breakout confirmation before entering.
Volume surge + breakout = green light. Stay sharp!